Gifts of property secure a legacy of generosity

For Esti Young, generosity runs in the family—as does a deep knowledge of housing and real estate. “My grandfather founded Rock Island County’s housing authority, and when he retired, my father took over that role,” Young said. “They knew housing was essential for taking care of people, and that outlook had a profound effect on me.”

Retired from an expansive career that included work for United Way, Illinois Department of Public Aid (now Healthcare and Family Services), Americorps, Department of Labor, and other public and nonprofit organizations, Young is now taking steps to solidify his legacy in the Quad Cities community he cares so for so much.

Part of his legacy will be an estate gift of property to the Quad Cities Community Foundation. “For many people, significant portions of their wealth are in the form of property or real estate,” said Anne Calder, vice president of development at the Community Foundation. “Gifting that property can provide tax benefits, simplify estate planning, and create a lasting gift for your community. Esti’s generous decision will benefit his hometown for generations—it’s truly an inspiration.”

If you are interested in learning more about estate planning and gifts of property, please contact Anne Calder by email or (563) 326-2840.

The Community Foundation staff helps donors and their advisors navigate the logistics of property gifts. They can also offer expert advice and recommendations on the local organizations that are working on causes that are important to you. With that guidance, generosity can go further.

“I’ve been aware of the Community Foundation and their work for many years,” said Young. “It’s an organization I trust completely. I trust that they’ll handle the details and paperwork correctly, and I trust that they’ll use this gift to make our community a better place to live.”

Young’s estate gift consists of personal finances as well as two apartment buildings that he owns and maintains. “These are properties that can support themselves,” said Young. “I hope they represent a sustainable contribution to the community. It’s my wish that the value and profit from these buildings goes to support causes and organizations that are fighting addiction.”

Gifts of property can provide long-term support for local causes and organizations. They also provide immediate benefits for the donor. On top of the tax benefits associated with donating assets, estate planning brings real peace of mind. “Once or twice a month, somebody approaches me about buying these buildings,” said Young. “It’s a real relief to be able to say, ‘“No thank you—I’ve already given them away!’”

Young hopes that this gift will also encourage others to explore similar options in their estate planning. “You can give your car to NPR, why not your property to the Community Foundation,” he said. “My father and grandfather instilled in me a responsibility to help where I see need. This gift is a final way to make sure that legacy continues, even after I’m gone.”